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PSU, energy stocks drive Sensex, Nifty to record high for second session
VCCircle
·
1y ago
Medial
Indian shares reached record highs for the second consecutive session, driven by state-run companies and energy stocks on expectations of continued capital expenditure. The NSE Nifty 50 closed 0.29% higher at 23,465.60, while the S&P BSE Sensex rose 0.24% to 76,992.77. State-run firms and lenders saw gains of 4.94% and 2.5% for the week, as key ministers were retained in the new government's cabinet, boosting policy continuity. Oil and gas stocks rose by 3.41%, while IT stocks declined by 1.62%. Domestically focussed small- and mid-cap indexes continued to outperform the benchmarks. Ultratech Cement saw a 7.5% gain on hopes of policy continuity benefitting infrastructure companies.
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Sensex, Nifty bounce back from intra-day lows to end higher for sixth session
VCCircle
·
1y ago
Medial
Indian shares rebounded from early losses to close higher for the sixth consecutive session. The NSE Nifty 50 index reached a new record high for the second consecutive day, climbing 0.42% to 22,215.60. The S&P BSE Sensex also rose by 0.48% to 73,057.40. Financials were the driving force behind the gains, with HDFC Bank leading the way after analysts predicted a rebound in earnings growth. However, IT stocks fell for a second straight session and auto stocks dropped after a recent rise. Zee Entertainment saw an 8% increase following news of a potential merger with Sony's India unit.
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Sensex, Nifty rebound from day's low to hit fresh record high minutes before close
VCCircle
·
1y ago
Medial
Indian shares rebounded in a volatile session, with the Nifty 50 index rising 0.74% to a record closing high and the BSE Sensex ending 0.74% higher. Information technology stocks led the gains, with IT stocks jumping 1.94% after three consecutive sessions of losses. The market is expected to continue offering buying opportunities for attractive stocks, although profit-taking at high levels is anticipated. Additionally, ITC rose 2.8% after reports of its acquisition of a 47% stake in Prataap Snacks, boosting its shares.
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Sensex, Nifty soar to new peaks; auto, banking stocks lead rally
Money Control
·
10m ago
Medial
The Indian stock market reached new heights on September 23, with the Sensex and Nifty 50 opening at record levels. Automobile and banking stocks led the rally in the benchmarks. The Sensex reached 84,843 points, while Nifty 50 hit 25,903 points. Indices closed at an all-time high in the previous session, indicating a strong upward bias. However, concerns over valuations and potential consolidation were raised. The India VIX, a measure of market volatility, rose by 7 percent to 13.7.
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Financials, banks lead Sensex, Nifty to end at 2-week high
VCCircle
·
1y ago
Medial
Indian benchmarks, Sensex and Nifty, closed at a two-week high fueled by a surge in financial and bank stocks. The Nifty 50 index rose by 0.8% and the Sensex gained 0.9%. Financials gained approximately 2% and banks rose by 1.7%, making them the top sectoral gainers. Private lender HDFC Bank climbed 2.3% and ICICI Bank closed at a record high, while Amara Raja Energy and Mobility surged 19% on signing a licensing deal. Analysts anticipate continued buying in financial and bank stocks due to their underperformance this year.
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Nifty, Sensex close near flatline; Bank Nifty hits fresh high of 51,900
Money Control
·
1y ago
Medial
On June 19, the Indian stock market experienced a choppy and volatile trading session, with Sensex and Nifty ending nearly flat. The Sensex closed up 0.05 percent at 77,337, while the Nifty 50 was down 0.2 percent at 23,521. Banking and IT stocks led the gains in the Nifty 50, while construction and energy stocks declined. Bharti Airtel, Maruti Suzuki, and Titan were among the worst-hit stocks. The volatility index, India VIX, rose nearly 6 percent to 13.7. Investors are now looking forward to the Union Budget in July.
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Sensex, Nifty end at record closing high, aided by PSU stocks
VCCircle
·
1y ago
Medial
Sensex and Nifty, India's leading stock market indexes, reached record closing highs on Monday, supported by gains in state-owned companies and a strong start to the earnings season. The Nifty rose 0.35% to 24,586.7, while the Sensex added 0.18% to end at 80,664.86. This marked the second consecutive session of record closing highs for both indexes. The positive sentiment among investors is driven by positive IT company results and expectations for the national budget, which is due on July 23.
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Sensex, Nifty record longest losing streak this year so far
VCCircle
·
10m ago
Medial
- Sensex and Nifty experienced their longest losing streak of the year, for six consecutive sessions. - The decline was attributed to concerns over corporate earnings and the escalation of the conflict in the Middle East. - Nifty 50 and S&P BSE Sensex both recorded losses, with Nifty losing 0.87% and Sensex shedding 0.78%. - The recent pullback resulted in a 5.6% loss for Nifty and a 5.2% loss for Sensex since hitting record high levels on Sept. 27. - The volatility index reached a one-month high of 15.08. - IT stocks were the only major sector where gains were made, with the IT index advancing 0.7%.
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Nifty 50 closes at new high, records longest weekly rising streak of 2024
VCCircle
·
1y ago
Medial
India's Nifty 50 index reached a new high and recorded its longest weekly rising streak of the year. Energy stocks offset the decline in HDFC Bank, pushing the Nifty 50 to a 0.09% gain, while the S&P BSE Sensex dipped 0.07%. Both indexes settled at record closing highs for the majority of the week, with the Nifty 50 adding 1.2% overall. IT stocks, including Infosys and Tata Consultancy Services, led the gains with a weekly increase of 4.3%, supported by soft US economic data and expectations of a rate cut in September.
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Sensex, Nifty end lower on Friday, capping gains for the week
VCCircle
·
1y ago
Medial
Indian shares ended lower on Friday, with the Nifty 50 dropping 0.8% and the Sensex falling 1%. The decline came as profit booking set in after the Nifty 50 reached a record high earlier in the session, resulting in lower weekly gains for the blue-chip indexes. IT stocks led the decline, with HCL Technologies dropping 8.5% after missing revenue estimates for the March quarter. Overall, the Indian markets are expected to remain volatile until the results of the national elections are announced on June 4.
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Reliance, financials push Sensex, Nifty to record highs ahead of election results
VCCircle
·
1y ago
Medial
Indian shares surged to record highs on Monday, driven by financials, Reliance Industries, and energy stocks, following exit polls projecting a third term for Prime Minister Narendra Modi's government in the recently concluded general elections. The Nifty 50 rose 3.25% to 23,263.90 points, and the Sensex added 3.39% to 76,468.78, with both indexes marking their best session in 40 months. Financials and state-owned lenders experienced the highest gains, while energy and oil & gas sectors also performed well. The official election results are due on June 4.
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